Time Banks definition

Time Banks. There shall be two (2)
Sample 1Sample 2
Time Banks. There shall be two Time Banks. The “Northern Time Bank is earned through Term Assignments, is not cashable and must be taken in time off. The other “Time Bank consists of earned overtime, is cashable or can be taken in time off. Upon conclusion of employment with First Air, there will be a reconciliation of all Time Banks.
Sample 1
Time Banks. There shall be two Time Banks. The “Northern Time Bank” is earned through Term Assignments, is not cashable and must be taken in time off. The other “Time Bank” consists of earned overtime, is cashable or can be taken in time off. Upon conclusion of employment with First Air, there will be a reconciliation of all Time Banks. Transfer: A Transfer occurs where an Employee moves to another Home Base, whether on a permanent or temporary basis, and works scheduled shifts. Where practical, a Transfer opportunity will be posted. A Transfer does not constitute a Term Assignment. However, the notice provisions of Term Assignments shall apply to an Employee affected by a Transfer.
Sample 1

Examples of Time Banks in a sentence

  • Overtime Premium Pay - Timekeeping – Public Accountability - No Compensatory Time Banks.

  • Upon conclusion of employment with First Air, there will be a reconciliation of all Time Banks.

  • Other Time Banks have been used to encourage people with health problems to engage in therapeutic work, to run community gardens, and to reward pupils in danger of dropping out of schools with time credits they trade in for time on computers.

  • The NU pilot was halted when funding ran out, despite being instigated by local government, and despite government backing, and many time banks have also ceased operating due to lack of funds (Time Banks UK, 2007).

  • Unlike LETS where people contact each other by phone, Time Banks employ a broker who puts people in touch with each other, and assesses if a need is likely to be met from the Time Bank.

  • They include mainstream commercial schemes (air miles, supermarket loyalty points), and community-based initiatives for economic development, social justice and environmental protection (Local Exchange Trading Schemes (LETS), Time Banks) (DeMeulenaere, 2008; Seyfang, 2006, 2010).

  • If all hours are equal, regardless of the nature of the act, then an hour of tutoring earns one time credit, just like an hour of legal help and an hour of house-cleaning services (Time Banks USA).Seven years later, at the London School of Economics, Edgar developed his theoretical explanation for why the currency should work.

  • Edgar Cahn once said, “The vision of the time bank system’s creators was the development of a society that allocates its time more strategically, for goals that go beyond the making and sacrifice of money.” He wrote in No More Throw-Away People that he was seeking with this new kind of money to foster “decency, caring, and a passion for justice (Time Banks USA, n.d.).

  • Exceedences of pH (non-tidal zones) and temperature criteria (tidal zones) dominate the issues.

  • Among such systems, Local Exchange Trading Systems (LETS) are denominated in the national currency while Time Banks systems are denominated in service hours.

Related to Time Banks

  • Banks shall include the Agent in its individual capacity.

  • Existing Banks means each Person which was a Bank under, and as defined in, the Existing Credit Agreement.

  • Eye bank means a person that is licensed, accredited, or regulated under federal or state law to engage in the recovery, screening, testing, processing, storage, or distribution of human eyes or portions of human eyes.

  • Required Banks means at any time Banks having more than 50% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing more than 50% of the aggregate unpaid principal amount of the Loans.

  • BANK'S LONDON BRANCH means the London branch office of Bank.

  • CMS Reference Banks means (i) where the Reference Currency is Euro, the principal office of five leading swap dealers in the inter-bank market, (ii) where the Reference Currency is Sterling, the principal London office of five leading swap dealers in the London inter-bank market, (iii) where the Reference Currency is United States dollars, the principal New York City office of five leading swap dealers in the New York City inter-bank market, or (iv) in the case of any other Reference Currency, the principal Relevant Financial Centre office of five leading swap dealers in the Relevant Financial Centre inter-bank market, in each case selected by the Calculation Agent.

  • CD Reference Banks means The Chase Manhattan Bank and Xxxxxx Guaranty Trust Company of New York.

  • London Inter-Bank Offered Rate means the interest rate at which the Bank's London Branch, London, Great Britain, would offer U.S. dollar deposits for the applicable interest period to other major banks in the London inter-bank market at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period. A "London Banking Day" is a day on which the Bank's London Branch is open for business and dealing in offshore dollars.

  • Participating Banks means such investment banks that engage in any Debt Exchange with one or more members of the Parent Group.

  • Reference Banks means, in the case of a determination of LIBOR, the principal London office of four major banks in the London inter-bank market and, in the case of a determination of EURIBOR, the principal Euro-zone office of four major banks in the Euro-zone inter-bank market, in each case selected by the Calculation Agent or as specified hereon.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • BAS means Banc of America Securities LLC.

  • L/C Issuers means (i) Bank of America, (ii) any other Lender in its capacity as issuer of Letters of Credit hereunder who has been selected by GFI and who has agreed to be an L/C Issuer hereunder in accordance with the terms hereof and (iii) any successor issuer of Letters of Credit hereunder appointed in accordance with the terms hereof, and “L/C Issuer” means any one of them.

  • Initial Issuing Banks has the meaning specified in the recital of parties to this Agreement.

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • Co-Syndication Agents as defined in the preamble hereto.

  • Issuing Banks means (a) with respect to the Letter of Credit A Facility, each Initial Issuing Bank that has a Letter of Credit A Commitment set forth opposite its name on Schedule I hereto and any other Working Capital A Lender approved as an Issuing Bank by the Agent and, so long as no Default shall have occurred and be continuing, by Crompton Corp. (such approval not to be unreasonably withheld or delayed) and each Eligible Assignee to which a Letter of Credit A Commitment hereunder has been assigned pursuant to Section 8.07 and (b) with respect to the Letter of Credit B-1 Facility, each Initial Issuing Bank that has a Letter of Credit B-1 Commitment set forth opposite its name on Schedule I hereto and any other Working Capital B-1 Lender approved as an Issuing Bank by the Agent and, so long as no Default shall have occurred and be continuing, by Crompton Corp. (such approval not to be unreasonably withheld or delayed) and each Eligible Assignee to which a Letter of Credit B-1 Commitment hereunder has been assigned pursuant to Section 8.07 so long as, in each case, each such Lender or Eligible Assignee expressly agrees to perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as an Issuing Bank and notifies the Agent of its Applicable Lending Office and the amount of its Letter of Credit Commitment (which information shall be recorded by the Agent in the Register).

  • Continuing Lenders as defined in the recitals hereto.

  • Issuing Lenders means all such Persons, collectively.

  • PNC Bank means PNC Bank, National Association.

  • Bank of America means Bank of America, N.A. and its successors.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Purchasing Banks as defined in subsection 10.5(d).